During the forecast period, it is anticipated that the worldwide dairy processing equipment market growth will occur moderately at a CAGR of 5.5% through 2034, reaching US$ 18.3 billion. This progress will lift the dairy processing equipment market size to US$ 10.7 billion by 2024.
Another factor expected to drive the market is manufacturers’ increased interest in manufacturing nutrient-fortified, organic, and low-fat dairy products in response to rising demand.
Cutting-edge automated milk production equipment is replacing manual milking procedures in top-tier dairy farms.
Milk is a perishable food with bacteria and a high pH level. If sufficient hygienic precautions are not followed in the manufacturing and storage of dairy products, the quality and flavour of the product will deteriorate.
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Unsanitary working conditions and the spread of toxins from several sources are mostly the result of a lack of adequate ways for dealing with dairy waste water. The rising prevalence of a number of diseases, such as digestive disorders caused by irregular eating habits, which often arise as a result of poor diet and stressful work schedules, is likely to boost the global dairy processing equipment market.
Key Takeaways:
- In terms of type, the automatic segment will dominate the market over the forecast period.
- The U.S. is expected to spearhead the growth in North America dairy processing equipment market
- China and Australia will vanguard the sales in East Asia and Oceania dairy processing equipment market
- Based on equipment, the homogenizers segment will account for significant share in the market
“Increased demand for healthier dairy products is assisting the industry’s growth. Shifting preferences for healthy dairy products that are low in fat, cholesterol, and sugar, as well as the availability of a variety of flavours, are projected to boost the market. Implementing automation in dairy processing for increased efficiency, as well as a reduction in adulteration and cost, is expected to aid the growth in dairy processing equipment market” said a lead analyst at FMI.
Who is winning?
Key players in the global dairy processing equipment market that utilize a variety of strategies to reach a large consumer base, including product development, marketing, and promotional efforts, distribution channel strengthening, and sustainable production.
Some of the leading companies offering equipment are GEA Group, Krones AG, Tetra Pak International, IDMC Limited, SPX Corporation, Van Den Heuvel, Jhon Bean Technologies Corporation, Alfa Laval Corporation, ISF Industries, Agrometal Limited, Coperion GmbH, Caloris Engineering LLC, Dui Ci Inox and others
Dairy Processing Equipment Market by Category
By Equipment Type:
- Thermal Treatment System
- Homogenizers
- Pasteurizers
- Dairy Centrifuges and Separators
- Evaporators and Dryers
- Filtration Systems
- Mixing and Blending Equipment
- Others
By Type:
- Automatic
- Semi-Automatic
By Application:
- Cheese
- Processed Milk
- Yogurt
- Protein Ingredients
- Milk Powder
- Others
By Regions:
- North America
- U.S.
- Canada
- Latin America
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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